Aon plc News: Third Quarter 2020 Financial Results

Posted on October 31, 2020Comments Off on Aon plc News: Third Quarter 2020 Financial Results

DUBLIN (STL.News) Aon plc (NYSE: AON) Friday released results for the three months ended September 30, 2020(third quarter 2020).

Aon plc Third Quarter Key Metrics From Continuing Operations

  1. Total revenue was flat at $2.4 billion, including flat organic revenue
  2. Operating margin increased 340 basis points to 18.5%, and operating margin, adjusted for certain items, increased 40 basis points to 22.4%
  3. EPS increased 27% to $1.18, and EPS, adjusted for certain items, increased 6% to $1.53
  4. For the first nine months of 2020, cash flows from operations increased 74% to $2,023 million, and free cash flow increased 91% to $1,904 million

Aon plc Third Quarter Highlights

  1. Announced that Aon and Willis Towers Watson shareholders overwhelmingly approved all proposals necessary to complete the previously announced combination of Aon and Willis Towers Watson
  2. Co-published our Innovation White Paper with Willis Towers Watson on opportunities for innovation to help clients navigate an increasingly complex world
  3. Repurchased 2.4 million Class A Ordinary Shares for approximately $500 million
  4. Subsequent to the close of the quarter, announced the launch of its Intellectual Property Capital Market Solution along with the close of a significant IP-backed lending transaction worth over $100 million, believed to be the largest such transaction ever consummated
  5. Subsequent to the close of the quarter, announced a 5% increase to the quarterly cash dividend

NOTE: this is NOT the complete release.

View release at:

https://ir.aon.com/about-aon/investor-relations/investor-news/news-release-details/2020/Aon-Reports-Third-Quarter-2020-Results/default.aspx

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